Looking to diversify beyond NWZNX? The mutual funds below have the lowest correlation with NWZNX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NWZNX.
Best Diversifiers for NWZNX
2 mutual funds have low correlation with NWZNX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.19, up from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.19 | 0.07 | -0.01 | 99 | Multisector Bonds | NWZNX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.20 | 0.11 | 0.01 | 99 | Multisector Bonds | NWZNX vs NWXHX | |
| ICON Equity Fund | 0.54 | 0.58 | 0.69 | 78 | Large Cap Growth Equities | NWZNX vs IOLZX | |
| Nationwide Small Cap Index Fund | 0.62 | 0.67 | 0.75 | 73 | Small Cap Blend Equities | NWZNX vs GMRAX | |
| Davis New York Venture Fund Class Y | 0.64 | 0.72 | 0.78 | 78 | Large Cap Growth Equities | NWZNX vs DNVYX |
See all 23 diversifiers for NWZNX
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